Mathematics for FinanceMTP Jun 24Question 1412 of 422
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The value of furniture depreciates by $10\%$ a year, if the present value of the furniture in an office is $3870$, calculate the value of furniture 3 years ago:

Options

A$30,000$
B$40,000$
C$35,000$
D$50,000$
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Correct Answer

Option a$30,000$

All Options:

  • A$30,000$
  • B$40,000$
  • C$35,000$
  • D$50,000$

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